Edinburgh pub owner predicts turnover to rise more than three fold in three years

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Pub owner Bruce Group Scotland has seen turnover rise more than three fold in three years to a projected £12 million in the current financial year.

The owner of Edinburgh bars including the Royal Mile Tavern, George IV Bar, Whistlebinkies and La Belle Angele has just launched a £20 million bond to fund growth across Scotland over the next few years.

In 2016, its turnover was £3.386million. This year's six monthly turnover was posted at £6 million. The group has also had a 30% increase in profitability over the last year.

The Bruce group, which was established in 1999 by Kevan Fullerton and Scott Piatkowski, employs 230 staff and owns 19 bars, clubs and music venues in Edinburgh and the surrounding area.

Kevan Fullerton, director of the Bruce Group, said: “Over the last few years we have invested heavily in refurbishing many of our properties and this is beginning to pay off.

"Many of our pubs are experiencing turnover growth of 20-40% annually and we believe this will continue in the years to come.

"The Bruce Group has a strong presence in the very busy tourist areas of the Old Town in Edinburgh, and these continue to be very successful and profitable outlets. Edinburgh remains an outstanding destination for tourists and locals and our pubs are in key areas to benefit from this growth.”